August brings new Social Security payments, which are critical for millions of people who rely on these benefits to maintain economic stability and live more peacefully after retirement or for other reasons that led them to apply for these SSA payments.
Social Security payments are made in three installments per month and follow a fairly strict schedule to ensure that all benefits are delivered in an orderly and organized manner.
The amounts vary depending on each individual’s case, as does the age at which benefits can be claimed, so it is critical to have all of the information clear.
When will the next Social Security payment be made?
Social Security payments are made according to the beneficiaries’ date of birth, so on Wednesday, August 13, payments will be made to people born between the 1st and 10th of any month.
How much does Social Security pay?
These are the amounts according to the ages of retirees
$4,018 per month if you retire at full retirement age (FRA) in 2025.
$2,831 per month if you retire at age 62 in 2025.
$5,108 per month when retiring at age 70 in 2025
At what age can you start receiving your Social Security retirement benefits in 2025?
The minimum age for receiving Social Security payments is 62, but in order to receive full benefits, you must reach full retirement age, which is 67. The longer you wait to claim, the more benefits you’ll receive.
